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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
SC rejects Sahara's plea to keep Subrata under house arrest

09-04-2014| Source:PTI

The apex court had earlier imposed a condition that Roy will be freed on bail only if he pays Rs 10,000 crore out of which Rs 5,000 crore has to be in bank guarantee and rest Rs 5,000 crore in cash.

Rathi Graphic Technologies' outcome of board meeting

07-04-2014| Source:Moneycontrol.com

Rathi Graphic Technologies at its meeting held on April 07, 2014, has considered and approved the Corporate Guarantee to State Bank of India/ Bank of Maharashtra/ Rajasthan State Industrial

Rathi Graphic Technologies' board meeting on April 07, 2014

03-04-2014| Source:Moneycontrol.com

Rathi Graphic Technologies board meeting will be held on April 07, 2014, to consider and approve the matter regarding extending Corporate Guarantee to State Bank of India / Bank of Maharashtra

DHFL expects over 20% growth in FY15  

02-04-2014| Source:CNBC-TV18

Kapil Wadhawan of DHFL announces companys portfolio expansion to mortgage guarantee transaction that will enable Dewan Housing a first loss guarantee on its pool of priority sector housing loans.

Subrata Roy to remain in custody till he pays up: Experts  

27-03-2014| Source:CNBC-TV18

The apex court on Wednesday had granted conditional bail to Subrata Roy Sahara, after an upfront payment of Rs 5,000 crore in cash and Rs 5000 crore worth of bank guarantees to capital markets

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